BTC/USD Double bottom in a Support zone
BTC did a double bottom at the origin of the move from November. It respected the 1st pivot (1st low in the support zone) created in February at around 6K, when it revisited and went to around 6.4K. Now it has left the area and is starting to show signs of life. I was able to grab some at around 6.8K, but on 2 Hour time frame there's a re-entry at around 7K if it retraces. Target 1 is 1:1, and target 2 is the profit zone shown on the chart. Looking to short when it gets to the 2nd resistance zone, which I have named (shorting Zone), but it's taking so long to get back up there that the trade would have to be conservative because by that time it will have changed to an uptrend, so I will consider that short with confirmation
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